dr. abdul rashid - iiu.edu.pk · 1 dr. abdul rashid associate professor (hec approved supervisor)...

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Dr. ABDUL RASHID Associate Professor (HEC Approved Supervisor) International Institute of Islamic Economics (IIIE), International Islamic University (IIU), Room D-13, Sector H-10, Islamabad, Pakistan E-mail: [email protected], [email protected] , Phone: + 92 (0) 3332277507, +92(0) 51 9019454 ACADEMIC QUALIFICATIONS

Institute

Degree Year Subject Specialization

Department of Economics, The University of Sheffield, UK PhD

2012 Economics Corporate Finance

Institute of Business Management, Karachi, Pakistan

M. Phil 2005 Economics Capital Markets

Applied Economics Research Centre (AERC), Karachi, Pakistan

MAS 2002 Economics Finance

Bahauddin Zakariya University, Multan, Pakistan M.A 2000 Economics

Econometrics

Bahauddin Zakariya University, Multan, Pakistan B.A 1998 Economics &

Statistics Economics

PhD Dissertation

“Capital Structure Dynamics and Risks: Empirical Evidence”

M.Phil Dissertation

“Stock Price-Exchange Rate Linkages with Structural Breaks: Evidence from an Emerging Market” TEACHING & RESEARCH INTERESTS Teaching: Financial Economics, Behavioral Finance, Corporate Finance, Financial Management, Financial Risk Management, Financial Econometrics, Portfolio Management, International Finance, Financial Derivatives, Financial Modeling, Managerial Economics, Macroeconomics, Econometrics

Research: Capital Structure, Financial Risks, Firm Investment,Capital Markets,Firm Cash Holdings, International Finance, Islamic Banking and Finance, Applied Econometrics, Applied Macroeconomics, Energy Consumption/Prices

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ACADEMIC EXPERIENCE February 3, 2016 – to date: Associate Professor, Economics, International Institute of Islamic Economics (IIIE), International Islamic University (IIU), Islamabad, Pakistan. April 23, 2014 – February 2, 2016: Assistant Professor, Economics, International Institute of Islamic Economics (IIIE), International Islamic University (IIU), Islamabad, Pakistan. July 28, 2007 – April 22, 2014: Lecturer, Economics, International Institute of Islamic Economics (IIIE), International Islamic University (IIU), Islamabad, Pakistan. Additional Charges/Activities at IIU:

(1) September 19, 2014 – to date: Incharge I.T. Section. The incharge will look after the all activities of I.T Section.

(2) August 06, 2014 – to date: Member, Graduate and Undergraduate Admission Committee. The

committee will arrange entry test and conduct interview for admission for all academic programs.

(3) July 9, 2014 – to date: Member, Committee for Hiring of Visiting Faculty. The committee will hire the part time (visiting) faculty.

(4) May 29, 2014 – to date: Member, Departmental Disciplinary Committee. The committee will handle the unfair means cases of the students.

(5) October 04, 2013 – to date: Member, Comprehensive Examination Committee. The committee will conduct the comprehensive examination of Ph.D Economic students.

(6) May 03, 2013 – to date: Member, Research Committee. The committee will publicise the IIIE’s

Academic Programs/Activities and participation in various forums.

(7) April 29, 2013 – to date: Member, Publicity Committee. The committee will arrange seminar on research and different researchable/emerging topics relating to the IIIE.

(8) February 25, 2013 – to date: Chairman, Accounting, Finance and Management Committee. The committee focuses on improving the quality of education and research in the following area:

a) Updating syllabus, course outlines and knowledge of relevant field. b) Teaching skill improvement. c) Improvement in research capabilities. d) Academic administration and coordination.

(9) February 22, 2008 – September 15, 2009: Resident House Tutor, Hostel 2, International Islamic

University, New Campus, Sector H-10, Islamabad, Pakistan.

(10) March 1, 2008 – September 15, 2009: Coordinator, Student Activities, International Institute of Islamic Economics (IIIE), International Islamic University (IIU), Islamabad, Pakistan.

(11) December 6, 2007 – to date: Member/Secretary, Admission Committee for Economics and Finance.

October 2009 – June 2012: Tutor, Economics, Department of Economics, The University of Sheffield, UK.

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April 1, 2006 – July 22, 2007: Lecturer, Economics, Institute of Business Management (IoBM), College of Business Management (CBM), Institute of Business Management, Korangi Creek, Karachi, Pakistan. September 1, 2004 – March 31, 2006: Instructor, Economics, Institute of Business Management (IoBM), College of Business Management (CBM), Institute of Business Management, Korangi Creek, Karachi, Pakistan. Activities at CBM:

(1) Teach Financial Economics, Econometrics, Macroeconomics, Microeconomics and Managerial Economics to MBA & BBA students. (4 courses per semester in the fall & spring semester and 2 courses in the summer semester).

(2) Compile and analyze “Financial Statistics and Talking Graphs” which is an essential part of each

Pakistan Business Review issue.

(3) Conduct independent research.

(4) Counseling students.

(5) Help organize seminars in economics. The purpose of these seminars is to create linkages between the academic and industry in Pakistan.

January 2003 – August 31, 2004: Research Associate, Economics, Institute of Business Management (IoBM), College of Business Management (CBM), Korangi Creek, Karachi, Pakistan. April 1, 2002 – December 31, 2002: Teaching Assistant, Economics, Applied Economics Research Centre, University of Karachi, Karachi, Pakistan. Duties: preparing exams and marking copies, assisting M.Phil level students, and conducting 30% classes. BOARD OF STUDY MEMBER

ù Department of Economics & Finance, Pakistan Institute of Development (PIDE), Islamabad, Pakistan, (May 8, 2014 – to date).

ù Department of Economics, Pakistan Institute of Development (PIDE), Islamabad, Pakistan, (January 16, 2015 – to date).

EDITORIAL BOARD MEMBER

" “Business Review” (2006 – to date ), a publication of Institute of Business Administration (IBA), Karachi.

" Journal of “Pakistan Business Review” (2003 – 2007), a publication of College of Business

Management (CBM), Karachi.

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PUBLICATIONS Published Papers at Refereed Journals

v Does Risk Affect Capital Structure? Journal of Risk Finance, Volume 17, Issue 1, 2016.

v Analyzing Performance of Banks in Pakistan: Conventional versus Islamic Banks, Journal of Islamic Business and Management, Volume 5, Number 2, 2015.

v Identifying Systemically Important Banks in Pakistan: A Quantile Regression Analysis, International Journal of Economics and Finance, Volume 7, Number 12, Pages 155-167, 2015.

v Downside Risk Analysis of Returns on the Karachi Stock Exchange, Managerial Finance, Volume 41, Number 9, Pages 940-957, 2015.

v The Response of Macroeconomic Aggregates to Monetary Policy Shocks in Pakistan, Journal of Financial Economics Policy, Volume 6, Issue 4, Pages 314-333, 2014.

v Impact of Monetary Policy on Banks’ Balance Sheet in Pakistan, International Journal of

Economics and Finance, Volume 6, Issue 11, Pages 187-196, 2014.

v The Response of Firms’ Leverage to Risk: Evidence from UK Public versus Non-Public Manufacturing Firms, Economic Inquiry, Volume 52, Number 1, Pages 314-363, 2014.

v Firm External Financing Decisions: Explaining the Role of Risks, Managerial Finance, Volume 40, Number 1, Pages 97-116, 2014.

v Financial Crisis and Exchange Rates in Emerging Economies: An Empirical Analysis using PPP-UIP-Framework, Business and Economic Horizons, Volume 9, Number 4, Pages 87-98, 2014.

v Capital Inflows, Inflation, and Exchange Rate Volatility: An Investigation for Linear and Nonlinear

Causal Linkages, Pakistan Development Review, Volume 53, Number 3, Pages 183-206, 2013.

v Does Energy Consumption Volatility Affect GDP Volatility? An Empirical Analysis for the UK, International Journal of Economics and Energy Policy, Volume 3, Number 4, Pages 376-383, 2013.

v The Risk and Financial Decisions in the Energy Sector: An Empirical Investigation using Firm-Level

Data, Energy Policy, Volume 59, Number 8, Pages 792-799, August 2013.

v The Response of Inflation to its Determinants: Does it Differ at Short and Long Horizons?, International Journal of Economics and Business Research, Volume 6, Number 2, Pages 229-242, 2013.

v An Estimation of Structure Import Demand Function for Pakistan, Economic Studies, Issue 2, Pages 156-175, 2013.

v Exploring the Determinants of Productivity of Indian Microfinance Institutions, Theoretical and

Applied Economics, Volume XX, Number 12, Pages 83-96.

v On the Modeling the Modelling of Exchange Rate: Some Evidence from Pakistan, International Review of Applied Financial Issues and Economics, Volume 4, Number 2, Pages 146-156, 2012.

v On the Welfare Cost of Inflation: The Case of Pakistan, Pakistan Development Review, Volume

51, Number 1, Pages 61-96, Spring2012.

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v On the Exchange Rate Expectation: Does UIP Really Beat PPP and Random Walks?, International Journal of Economics and Business Research,Volume 4, Number 3, Pages 346-361, 2012.

v Predicting Bankruptcy in Pakistan, Theoretical and Applied Economics, Volume XVIII, Number 9, Pages 103-128, 2011.

v PPP, UIP and RW in a Single Framework: An Application to Pakistan, Asian-African Journal of Economics and Econometrics, Volume 11, Number 1, Pages 65-75, 2011.

v How Does Private Firms’ Investment Respond to Uncertainty? Some Evidence from the United Kingdom, Journal of Risk Finance, Volume 11, Issue 4, Pages 339-347, 2011.

v The Economic Exchange Rate Exposure: Evidence for a Small Open Economy, The IUP Journal of Monetary Economics,Volume 8, Issue 4, Pages 46-58, 2010.

v Capital Inflows and Exchange Rate Volatility in Pakistan, International Review of Applied Economics Research, Volume 5, Number 1, Pages 111-118, 2010.

v Modelling PPP, UIP and RW in A Single Framework, International Journal of Financial Economics and Econometrics, Volume 2, Number 1, Pages 39-55, 2010.

v Domestic or International Hotels: The Frontrunner of Service Innovation and Customer Choice in Pakistan, International Research Journal of Arts and Humanities, Volume 38, Number 38, Pages 155-170, 2010.

v Testing the Modified-Combined PPP and UIP Hypothesis in South Asian Economies, Applied Econometrics and International Development, Volume 9, Number 1, Pages 199-218, January-June 2009.

v Price Hikes, Economic Reforms and Causality in Money, Income and Prices: Evidence from Pakistan, Pakistan Development Review, Volume 48, Number 2, Pages 155-168, Summer 2009.

v Badla Financing, Stock Returns and Volatility: The Case Study of Karachi Stock Exchange,

Empirical Economics Letters, Volume 7, Number 7, Pages 733-740, 2008.

v Uncertain Future of Native Languages in Pakistan, South Asian Language Review, Volume XVIII, Number 2, Pages 18-36, 2008.

v Economic Liberalization and the Causal Relations among Money, Income and Prices: The Case of Pakistan, Pakistan Journal of Applied Economics, Volume 18, Numbers 1 & 2, Pages 103-121, 2002-2008.

v Forecasting Stock Price Volatility: An Evaluation of Linear vs. Nonlinear Methods, International

Research Journal of Finance and Economics, Issue 20, Pages 141-150, 2008. v Macroeconomic Variables and Stock Market Performance: Testing for Dynamic Linkages with a

Known Structural Break, Savings and Development,Volume XXXII, Number 1, Pages 77-102, 2008.

v Dynamic Interaction between Exchange Rates and Stock Prices: Evidence from Mean and Regime

Switching Models, Global Economy and Finance Journal,Volume 1, Pages 1-15, 2008.

v Non-linear PPP in South Asia and China, Economics Bulletin, Volume 6, Pages 1-6, 2008. v Stock Prices and Trading Volume: An Assessment for Linear and Nonlinear Granger Causality,

Journal of Asian Economics, Volume 18, Number 4, Pages 595-615, August2007.

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v The Causal Link between Stock Returns and Trading Volume: Some Evidence from an Emerging Market, Business Review, Volume 2, Number 2, Pages 67-87, 2007.

v Leverage, Size of Firm and Profitability: The Case of Pakistan’s Automobile Industry, Pakistan

Business Review, Volume 9, Number 1, Pages 31-48, April 2007.

v Public-Private Investment Linkages in Pakistan: A Multivariate Cointegration Analysis, South Asia Economic Journal, Volume 7, Number 2, Pages 219-230, September 2006.

v Testing the Combined PPP and UIP in a Multivariate Cointegration Framework for Pakistan, Pakistan Business Review, Volume 8, Number 3, Pages 44-57, October 2006.

v Exchange Rates Follow Random Walks, Ok? An Application of Variance-Ratio Tests, Pakistan Economic and Social Review, Volume XLIV, Number 1, Pages 57-79, Summer 2006.

v Labor Productivity and Economic Growth, What Causes What: An Empirical Analysis, Journal of

Management and Social Sciences, Volume 2, Number 1, Pages 69-82, Spring 2006.

v Random Walk Tests for KSE-100 Index: Evidence and Implications, Business Review, Volume 1, Number 1, Pages 80-96, July 2006.

v Stock Price-Exchange Rate Linkages with Structural Breaks: Evidence from an Emerging Market,

Pakistan Business Review, Volume 7, Number 4, January 2006.

v Stock Returns Behavior and Linkages: An Empirical Investigation, Journal of Management, Informatics and Technology, Volume 1, Number 2, Pages 14-28, July 2005.

v Public-Private Capital Association: The Case of Pakistan, Pakistan Development Review, Volume 44,

Number 4, Pages 805-817, Winter 2005.

v Stock Prices Behave Non-Randomly: Evidence from Karachi Stock Exchange, Pakistan Business Review, Volume 7, Number 2, Pages 58-81, July 2005.

v Sectoral Linkages: Identifying the Key Growth Stimulating Sector of the Pakistan Economy,

Pakistan Business Review, Volume 6, Number 1, April 2004.

v Stock Prices and Exchange Rates: Are They Related? Evidence from South Asian Countries, Pakistan Development Review, Volume 41, Number 4, Pages 535-550, Winter2002.

Working Papers

k Capital Structure Adjustments: Do Macroeconomic and Business Risks Matter? Boston College Working Papers in Economics 822, 2013.

k Derivation of Quarterly GDP, Investment Spending, and Government Expenditure Figures from Annual Date: The Case of Pakistan, MPRA Paper 46937, University Library of Munich, Germany, 2013.

k On the Welfare Cost of Inflation: The Case of Pakistan, MPRA Paper 47549, University Library of Munich, Germany, 2013.

k On the Modeling of Exchange Rate; Some Evidence from Pakistan, MPRA Paper 47547, University Library of Munich, Germany, 2012.

k Exploring the Determinants of the Productivity of Indian Microfinance Institutions, MPRA Paper 45715, University Library of Munich, Germany, 2012.

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k On the Response of Economic Aggregates to Monetary Policy Shocks, EERI Research Paper Series No. 01/2011.

k The Response of Firms’ Leverage to Uncertainty: Evidence from UK Public versus Non-Public Firms, University of Sheffield, Department of Economics, No. 2010019.

k Estimating Import-Demand Function in ARDL Framework: The Case of Pakistan, EERI Research Paper Series No. 15/2010.

k Capital Inflows, Inflation and Exchange Rate Volatility: An Investigation for Linear and Nonlinear Causal Linkages, PIDE Working Papers, 2010:63.

k Domestic or International Hotels: The Frontrunner of Service Innovation and Customer Choice in Pakistan, MPRA Paper 2010, University Library of Munich, Germany.

k Testing for nonlinear causation between capital inflows and domestic prices, MPRA Paper 2010, University Library of Munich, Germany.

k Fundamentals and Exchange Rates: Evidence from ASEAN-5, MPRA Paper 2009, University Library of Munich, Germany.

k Testing the Weak Form Efficiency in Pakistan’s Equity, Badla and Money Markets, MPRA Paper 2009, University Library of Munich, Germany.

k Democracy, Inequality and Economic Development: The Case of Pakistan, MPRA Paper 2008, University Library of Munich, Germany.

k Macroeconomic Variables and Stock Market Performance: Testing for Dynamic Linkages with a Known Structural Break, MPRA Paper 2008, University Library of Munich, Germany.

k Exchange rates or stock prices, what causes what: A firm level empirical investigation, MPRA Paper 2007, University Library of Munich, Germany.

k A Significant Shift in Causal Relations of Money, Income and Prices in Pakistan: The Price Hikes in the Early 1970s, PIDE Working Papers 2006:8.

k Economic Liberalization and the Causal Relations among Money, Income, and Prices: The Case of Pakistan, MPRA Paper 2006, University Library of Munich, Germany.

k Sectoral Linkages; Identifying the Key Growth Stimulating Sector of the Pakistan Economy, MPRA Paper 2004, University Library of Munich, Germany

News/ Magazines Papers

M Water Pollution: A Rising Life-Threatening Problem, News Central Asia, 12 January, 2012, http://newscentralasia.net/2012/01/12/water-pollution-a-rising-life-threatening-problem/

M Does Exchange-Rate Management Matter for Financial Stability? News Central Asia, 27 July, 2010,

http://www.newscentralasia.net/moreNews.php?nID=606

M What’s Behind Stock Price Fluctuations?,News Central Asia, 4 December, 2009, http://www.newscentralasia.net/moreNews.php?nID=357

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M Pakistan: Fiscal Deficit, News Central Asia, 20 August, 2009, http://www.newscentralasia.net/moreNews.php?nID=378

M Interest Rate Rise May Precipitate Currency Depreciation, Pakistan and Gulf Economist, Volume XXVII, Number 46, December 2008

M Does Massive Capital Inflows Produce Inflationary Pressure in Host Economy?Pakistan and Gulf Economist, Volume XXVII, Number 32, August 2008.

M Budla Hurts Stock Exchange: Some Evidence from KSE, Pakistan and Gulf Economist, Volume

XXVI, Number 10, March 2007.

M The Stock Market Performance and the Economy: The Case of Pakistan, Pakistan and Gulf Economist, Volume XXV, Number 40, October 2006.

M Fiscal Deficit: Mother of All Related Problems, Pakistan and Gulf Economist, Volume XXV,

Number 27, July 2006.

M Productivity: A Driving Force behind Economic Growth, Pakistan and Gulf Economist, Volume XXV, Number 19, May 2006.

FUNDING

$ Pakistan Institute of Development Economics (PIDE), May 2008 to June 2008, Capital Inflows, Inflation, Sterilization and Exchange Rate Volatility: An Investigation for Linear and Nonlinear Causal Linkages, (Principal Investigator).

$ South Asia Network of Economic Research Institute (SANEI), February 2007 to February 2008, An

Empirical Analysis of the Combined PPP and UIP: Evidence from South Asia, (Principal Investigator).

$ Indonesian Government, January 2007 to March 2007, Indonesian Exports to Pakistan: An

Assessment to Identify the Gaps, Barriers and Future Direction, (Co-investigator). CONFERENCE PRESENTATION

� Prepared & Presented a Report on the “Problems of the Sugar Industry in Pakistan and their Solutions” at the National Industry Conference 2003, organized by the Institute of Business Management in April 2003.

� “Stock Prices and Exchange Rates: Are they Related? Evidence from South Asian Countries”, Paper

presented at the Pakistan Society of Development Economists’s 18th Annual General Meeting and Conference held in Islamabad in January 15–17, 2003.

� “Money, Income, and Prices in Pakistan: An Investigation of Bi-variate Causal Relations with Shifts”,

Paper presented at Economic Policy Department of State Bank of Pakistan, Karachi, September 2005.

� “Public-Private Capital Association: The Case of Pakistan”, Paper presented at the Pakistan Society of Development Economists’s 21st Annual General Meeting and Conference held in Islamabad in 19th – 21st December 2005.

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� Prepared & presented (as a co-speaker) a presentation on the “Econometric Modeling and Forecasting” atthe Workshop on Quantitative Finance and Risk Management organized by IBA Sukkar in July 2006.

� “Badla Investment in the Karachi Stock Exchange: An Investigation of Causal Relations” Paper

presented at thePakistan Society of Development Economists’s 22nd Annual General Meeting and Conference held in Lahore, 19th-22nd December 2006.

� “Dynamic Interaction between Exchange Rates and Stock Prices: Evidence from Mean and Regime

Switching Models” Paper presented at the Sixth International Business Research Conference (IBRC) on “Global Economy, Markets and Management” organized byAsia Pacific Management Institute Ltd. Admiralty, Hong Kong.

� “Testing the Weak Form Efficiency in Pakistan’sEquity, Badla and Money Markets” Paper presented

at the Eighth International Business Research Conference (IBRC) on “Research for Change”organized byAsia Pacific Management Institute Ltd. Crown Plaza Hotel, Sheikh Zayed Road, Dubai, UAE, March 2008.

� “Domestic or International Hotels: The Frontrunner of Service Innovation and Customers Choice in Pakistan” Paper presented at the 26thEuroCHRIE Conference organized by the Emirates Academy of Hospitality Management, Dubai, October 2008.

� “Capital Inflows and Exchange Rate in Pakistan” Paper presented at International Conference on

Applied Economics – IOCAE-2009, organized by Department of International Trade, Kastoria Campus, Technological Institute of Western Macedonia, Kastoria - Greece 27th - 30th May 2009

� “One the Response of Macroeconomic Aggregates to Monetary Policy Shocks” Paper presented by

co-author at Finance and Economics Conference 2011 organized by Lupcon Centre for Business Research, Frankfort, Germany, July 2011.

� “Risks and Financing Decisions in the Energy Sector: An Empirical Investigation using Firm-Level Data” Paper presented at International Joint Workshop organized by Doshisha University, Kamigyo, Kyoto, Japan, March 2012.

� “Capital Structure Adjustments: Do Risks Matter?” Paper accepted for presentation at the 23rd

European Financial Management Association (EFMA) Conference organized the University of Rome Tor Vergate, Faculty of Economics, Via Columbia n.2, Rome, Italy, June 2014.

� “Capital Structure Decisions in Islamic Banking: Empirical Evidence from Pakistan” Paper

presented at NUML 2nd international conference on Challenges in Business & Management ICCBM 2014 organized by National University of Modern Languages, Islamabad, Pakistan, December 10-11, 2014.

PH.D THESIS SUPERVISED Thesis Completed:

❉ Muhammad Khaleequzzaman (2016), An Empirical Analysis of Shariah Legitimacy of Islamic Banking Practices in Pakistan, International Institute of Islamic Economics (IIIE), International Islamic University (IIU), Islamabad, Pakistan.

Thesis in Progress:

❉ Muhammad Irfan, Modeling Financial Time Series in Presence of Outliers, International Institute of Islamic Economics (IIIE), International Islamic University (IIU), Islamabad, Pakistan.

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❉ Sajid, Corporate Governance, Firm Value, Payout Policy, Cost of Capital, and Corporate Social

Responsibility, Faculty of Administrative Science, Air University, Islamabad, Pakistan.

M.PHIL THESIS SUPERVISED Thesis Completed:

Ë Qaisar Abbas (2011), Modeling Bankruptcy Prediction for Non-Financial Firms: The Case of Pakistan. Faculty of Management Sciences, International Islamic University, Islamabad, Pakistan.

Ë Maryam Javed (2013), The Impact of Exchange Rate on Stock Prices in Pakistan: Some Evidence using Structural Break Cointegration and Granger Causality Tests. The Lahore University, Islamabad Campus, Islamabad, Pakistan.

Ë Muhammad Saeed (2014), The Investment Behavior of Non-Financial Firms in Pakistan: Explaining

the Role of Uncertainty. International Institute of Islamic Economics (IIIE), International Islamic University (IIU), Islamabad, Pakistan.

Ë Muhammad Abdul Rehman Shah (2014), Capital Structure Decisions in Islamic Banking Industry:

The Case of Pakistan. International Institute of Islamic Economics (IIIE), International Islamic University (IIU), Islamabad, Pakistan.

Ë Faiza Hamid (2014), Downside Risk Analysis in Karachi Stock Exchange. International Institute of

Islamic Economics (IIIE), International Islamic University (IIU), Islamabad, Pakistan.

Ë Sana Jabeen (2014), Analyzing Performance of Banking Sector in Pakistan: Conventional versus Islamic Banks. International Institute of Islamic Economics (IIIE), International Islamic University (IIU), Islamabad, Pakistan.

Ë Muzakir Shah (2014), The Life Cycle of Tourism and Terrorism: A Case Study of Pakistan.

International Institute of Islamic Economics (IIIE), International Islamic University (IIU), Islamabad, Pakistan.

Ë Fozia Makin (2014), The Impact of Value at Risk (VaR) based Initial Margin on Stock Returns Volatility: Evidence from Karachi Stock Exchange (KSE). International Institute of Islamic Economics (IIIE), International Islamic University (IIU), Islamabad, Pakistan.

Ë Qurrat-ul-Ain (2014), The Impact of Monetary Policy on Banks’ Balance Sheet in Pakistan.


Ë Saba Yousaf (2014), Does Islamic Banking Strengthen Financial Stability? Some Evidence from

Pakistan. International Institute of Islamic Economics (IIIE), International Islamic University (IIU), Islamabad, Pakistan.

Ë Nazia Mehmood (2014), The Impact of Mergers on Financial Performance of Non Financial

Companies of Pakistan. International Institute of Islamic Economics (IIIE), International Islamic University (IIU), Islamabad, Pakistan.

Ë Noreen Tabassum (2014), The Relationship between Changes in Energy Consumption, Energy

Prices, Capital Formation, and Economic Growth in South Asian Countries. International Institute of Islamic Economics (IIIE), International Islamic University (IIU), Islamabad, Pakistan.

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Ë Maryam Ashfaq (2014), Financial Constraints and Corporate Cash Holdings in Pakistan: An Empirical Analysis using Firm-Level Data, International Institute of Islamic Economics (IIIE), International Islamic University (IIU), Islamabad, Pakistan.

Ë Mehreen Khan (2014), The Impact of Large Capital Flows on Real and Financial Sector: A

Comparative Study of South Asia and China, International Institute of Islamic Economics (IIIE), International Islamic University (IIU), Islamabad, Pakistan.

Ë Farah Waheed (2014), Forward- and Backward-Looking Monetary Policy Reaction Function:

Derivation and Empirics, International Institute of Islamic Economics (IIIE), International Islamic University (IIU), Islamabad, Pakistan.

Ë Abdul Mansoor (2014), Money-Price-Income Nexus: Explaining the Role of Black Money,


Ë Shahid Mehmood (2014), The Impact of Exchange Rates on Firm’s Exports in Pakistan: An

Empirical Analysis using Firm Level Data, International Institute of Islamic Economics (IIIE), International Islamic University (IIU), Islamabad, Pakistan.

Ë Usama Tahir (2014), Poverty Alleviation through Islamic Microfinance: Shariah Compliance and

Impact Analysis (The Case Study of Akhuwat and Helping Hand), International Institute of Islamic Economics (IIIE), International Islamic University (IIU), Islamabad, Pakistan.

Ë Atlish (2014), The Impact of Exchange Rate Uncertainty on Foreign Portfolio Investment in Pakistan, International Institute of Islamic Economics (IIIE), International Islamic University (IIU), Islamabad, Pakistan.

Ë Zeeshan Ahmed (2015), How PEFA Assessments Affect Socioeconomic Indicators? A Cross

Country Analysis, The University of Lahore, Islamabad Campus, Islamabad, Pakistan.

Ë Malik Shahzad (2015), Impact of FPI on Domestic Stock Market of Pakistan, The University of Lahore, Islamabad Campus, Islamabad, Pakistan.

Ë Sidra Yaqoob (2015), Modeling Oil Price, Exchange Rate, and Interest Rate, International Institute

of Islamic Economics (IIIE), International Islamic University (IIU), Islamabad, Pakistan.

Ë Zia ur Rehman (2015), Productivity and Efficiency of banks in Pakistan: Measuring and Decomposing, International Institute of Islamic Economics (IIIE), International Islamic University (IIU), Islamabad, Pakistan.

Ë Amna Shameem (2015), The Role Money, Income, and Exchange Rate in Sectoral Trade Balance:

Empirical Evidence, International Institute of Islamic Economics (IIIE), International Islamic University (IIU), Islamabad, Pakistan.

Ë Muhammad Tahir (2015), Oil Prices and Stock Returns: An Empirical Analysis for Pakistan

Manufacturing Firms, Department of Business Administration, Air University Islamabad, Pakistan.

Ë Saif-ul-Rahman (2015), Volatility in Stock Market and Performance of Banking Industry in Pakistan, Faculty of Management Sciences (FMS), International Islamic University, Islamabad, Pakistan.

Ë Majid Zubair Ahmed (2015), Risk Management, Capital Structure, and Liquidity at Banks,


Ë Anam Masood (2015), The Impact of Working Capital Management on Banks’ Cash Holdings

Decisions in Pakistan, International Institute of Islamic Economics (IIIE), International Islamic University (IIU), Islamabad, Pakistan.

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Ë Ismat Zahoor (2015), An Assessment of Rural Multidimensional Poverty in UC Mowara and UC

Dakhali, International Institute of Islamic Economics (IIIE), International Islamic University (IIU), Islamabad, Pakistan.

Ë Umer Shahzad (2015), Capital Ratios and the Cross-Section of Bank Stock Returns: Evidence from

Pakistan, The University of Lahore, Islamabad Campus, Islamabad, Pakistan.

Ë Abdul Qadeer (2015), Financial Performance: A Comparison of Domestic versus Foreign Firms in Pakistan, The University of Lahore, Islamabad Campus, Islamabad, Pakistan.

Ë Bilal Akhunzada (2015), The Impact of Electricity Shortfall on Industrial Production in Pakistan, International Institute of Islamic Economics (IIIE), International Islamic University (IIU), Islamabad, Pakistan.

Ë Anam Naz (2015), The Impact of Exchange Rate Fluctuations on Firms’ Value: Disaggregated Study

for Pakistan, International Institute of Islamic Economics (IIIE), International Islamic University (IIU), Islamabad, Pakistan.

Ë Abdul Waheed (2015), Capital Budgeting Practices and Methods: Evidence from Privately Owned

Firms in Pakistan, Department of Business Administration, Faculty of Administrative Sciences, Air University, Islamabad, Pakistan.

Ë Saira Tabassum (2015), Impact of the Trade Openness and Financial Liberalization on Wage

Differential in Pakistan, International Institute of Islamic Economics (IIIE), International Islamic University (IIU), Islamabad, Pakistan.

Ë Saba Kausar (2016), Testing Financial Market Anomalies in Karachi Stock Exchange, International

Institute of Islamic Economics (IIIE), International Islamic University (IIU), Islamabad, Pakistan.

Ë Noshaba Jabeen (2016), Financial Frictions and Substitution between International and External Funds: Case Study of Pakistan, International Institute of Islamic Economics (IIIE), International Islamic University (IIU), Islamabad, Pakistan.

Ë Faria Shaukat (2016), Firm Ownership Structure and International Sales: Empirical Evidence from

Pakistan, International Institute of Islamic Economics (IIIE), International Islamic University (IIU), Islamabad, Pakistan.

Ë Bushra Ahmad (2016), Impact of Exchange Rate on Firm Productivity: Exploring the Role of

Financial Constraints, International Institute of Islamic Economics (IIIE), International Islamic University (IIU), Islamabad, Pakistan.

Ë Naqash Zafar (2016), Macroeconomic Indicators and Stock Returns: An Investigation for Nonlinear

Causality, The University of Lahore, Islamabad Campus, Islamabad, Pakistan.

Ë Saima Ambreen (2016), Risk-Return Analysis: Small versus Medium versus Large Manufacturing Firms, The University of Lahore, Islamabad Campus, Islamabad, Pakistan.

Ë Samia Saleem (2016), The Effect of Ownership Structure on Financial Performance of

Manufacturing Firms in Pakistan, Department of Business Administration, Faculty of Administrative Sciences, Air University, Islamabad, Pakistan.

Ë Hira Saeed (2016), Impact of Capital Structure on Performance of Financial Institution: A

Comparative Study of Islamic versus Non-Islamic Financial Institutions of Pakistan, Pakistan Institute of Development Economics (PIDE), Islamabad, Pakistan.

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Ë Shaleel Khaliq (2016), Impact of Investor Sentiment on External Financing of Firms under Different Macroeconomics Conditions, Pakistan Institute of Development Economics (PIDE), Islamabad, Pakistan.

Ë Umais Ahmad (2016), Estimating Liquidity Risk using Exposure Based Cash Flow at Risk, Pakistan

Institute of Development Economics (PIDE), Islamabad, Pakistan.

Ë Madiha Fayyaz (2016), Investor Sentiment, Terrorism Activity, and Stock Returns: Evidence from Karachi Stock Exchange (KSE), International Institute of Islamic Economics (IIIE), International Islamic University (IIU), Islamabad, Pakistan.

Thesis in Progress:

Í Mehreen Bano, Impact of Cash Holding on Investment: An Assessment for Pakistani Manufacturing Firms.

Í Hajeera Rashid, Financial Constraints, Working Capital Management, and Corporate Performance:

Empirical Evidence from Pakistan.

Í Tanveer, Testing Volatility Asymmetry Hypothesis at Karachi Stock Exchange.

Í Ambreen, Public and Private Investment Linkages: Evidence from Sectoral Level Data.

Í Naila, The Impact of Trade Credits on Value and Profitability of Firms.

Í Fida Hussain, The Impact of Trade Credit Supply on Firms’ Sales Growth. EXAMINER OF PH.D THESIS External Examiner:

C Fauzia Mubarik (2015), Analysis of Volatility of Portfolio Returns: Evidence from Pakistani Stock Market, Shaheed Zulfiqar Ali Bhutto Institute of Science and Technology (SZABIST), Islamabad, Pakistan.

C Mobeen Ur Rehman (2015), Determinants of Return’s Co-Movement for Effective Portfolio Diversification Among Regional Stock Markets, Shaheed Zulfiqar Ali Bhutto Institute of Science and Technology (SZABIST), Islamabad, Pakistan.

EXAMINER OF M.PHIL THESIS External Examiner:

C Ahmed Gulzar (2013), Political Economy of Trade in Services: A Strategic Framework of Liberalizing Trade in Services for Pakistan, Department of Economics, Pakistan Institute of Development Economics (PIDE), Islamabad, Pakistan.

C Muhammad Shehryar (2013), Under Pricing and Initial Public Offerings (IPOs): The Case of Karachi Stock Exchange, Department of Economics and Finance, Pakistan Institute of Development Economics (PIDE), Islamabad, Pakistan.

C Sehrish Ashfaq (2013), Forecasting Exchange Rate of Pakistan,Department of Economics and

Finance, Pakistan Institute of Development (PIDE), Islamabad, Pakistan.

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C Musart Nazir (2014), Monetary Policy and Asset Prices: Wealth Effects and Consumption in

Pakistan, Kashmir Institute of Economics (KIE), The University of Azad Jammu & Kashmir, Muzaffarabad, Pakistan.

C Ayesha Parveen (2014), Recent Global Crisis (2008) and its Impact on Unemployment in Pakistan,

Kashmir Institute of Economics (KIE), The University of Azad Jammu & Kashmir, Muzaffarabad, Pakistan.

C Syed Ghayas Ud Din (2014), Determinants of Working Capital Management and its Impact on Firms’ Profitability: Evidence from the Manufacturing Sector of Pakistan, Department of Economics and Finance, Pakistan Institute of Development (PIDE), Islamabad, Pakistan.

C Nadia Shabir (2014), Stock Market and the Economy: An Analysis of Causal Relation in Pakistan,

Department of Business Administration, Air University, Islamabad, Pakistan.

C Jaleel Ahmed (2014), Determinants of Trade Credits: The Case of Pakistani Listed Firms, Department of Economics and Finance, Pakistan Institute of Development (PIDE), Islamabad, Pakistan.

C Zeeshan Hamid (2014), Effect of Macroeconomic Conditions and Firm Specific Variables on

Corporate Liquidity – Evidence from Pakistan, Department of Business Administration, Air University, Islamabad, Pakistan.

C Anisa Tahira (2014), Size and Value Premium: Evidence from Karachi Stock Exchange Pakistan,


C Imtiaz Ashraf (2014), Impact of Merger and Acquisition on the Efficiency of Banks in Pakistan, Department of Business Administration, Air University, Islamabad, Pakistan.

C Hina Batool (2014), Ownership Structure, Financing Choice and Firm Performance of Pakistan

Manufacturing Sector, Department of Economics and Finance, Pakistan Institute of Development (PIDE), Islamabad, Pakistan.

C Jawad Mohammad (2014), Analysis of Accrual Anomaly: A Case Study of Karachi Stock Exchange,

Department of Economics and Finance, Pakistan Institute of Development (PIDE), Islamabad, Pakistan.

C Arshed Gul Durrani (2014), Financialisation of Economy and its Macro-Economic Dynamics: A

Study of Pakistan Economy, Department of Economics and Finance, Pakistan Institute of Development (PIDE), Islamabad, Pakistan.

C Muhammad Bilal Bangash (2014), FDI in Pakistan: Role of Risk and Financial Sector Development,


C Bushra Karim Mirza (2014), Forecasting Corporate Failure: Role of Working Capital Management, Department of Business Administration, Air University, Islamabad, Pakistan.

C Maqbool Ahmed (2014), Effects of Monetary Policy on Industrial Output: Evidence from Micro

Data of Pakistan, Department of Business Administration, Air University, Islamabad, Pakistan.

C Muhammad Sarfraz (2014), The application of Frontier Production Function with Inefficiency Effects for Livestock Holders in Pakistan: A Case Study of Bahawalpur District, Department of Economics, The University of Bahawalpur, Bahawalpur, Pakistan.

C Umm-e-Salam (2014), Socioeconomic Determinants of Divorce: A Case Study of Bahawalpur City.

Department of Economics, The University of Bahawalpur, Bahawalpur, Pakistan.

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C Sumra Abbas (2014), Stock Market Anomaly: Day-of-the-Week Effect on Market Return, Volume and Volatility in SAARC countries, Department of Economics and Finance, Pakistan Institute of Development (PIDE), Islamabad, Pakistan.

C Zahid Mehmood Akhtar (2015), Relationship between Stock Prices and Macro Economic Variables

(A Case of Karachi Stock Exchange), Department of Economics and Finance, Pakistan Institute of Development (PIDE), Islamabad, Pakistan.

C Sayyed Yawar Hassan (2015), Credit Rating Announcement and Stock Market Reaction, Department

of Accounting and Finance, The University of Lahore, Islamabad, Pakistan.

C Sami Ahmad (2015), Relationship between Macroeconomic Variables and Stock Market Return, Department of Accounting and Finance, The University of Lahore, Islamabad, Pakistan

C Arshad Ahmad (2015), Impact of Financial Development on Informal Employment (A Case Study

of Pakistan and India), Department of Economics, The University of Bahawalpur, Bahawalpur, Pakistan.

C Sumaira Sumreen (2015), Current Account Dynamics and Trade Policy of Pakistan: An Econometric

Analysis, Department of Economics, The University of Bahawalpur, Bahawalpur, Pakistan.

C Faiz Ali (2015), Stock Price Forecasting in Pakistan, Department of Business Administration, Air University, Islamabad, Pakistan.

C Mehreen Malik (2015), Impact of Fiscal Policy on Stock Returns of Pakistan, Department of

Business Administration, Air University, Islamabad, Pakistan.

C Inaam Ullah Ghazi (2015), Determinants of Corporate Cash Holdings: Evidence from Listed Companies of Pakistan, Department of Business Administration, Air University, Islamabad, Pakistan.

C Muhammad Suhail (2015), Effect of Dividend Policy on Stock Price Volatility of Non Financial

Sector in Pakistan, Department of Business Administration, Air University, Islamabad, Pakistan.

C Zenaira Alam (2015), An Empirical Analysis of Determinants of Banks’ Profitability: Evidence from Pakistan, Department of Business Administration, Air University, Islamabad, Pakistan.

C Ayesha Saif Niazi (2015), Factor Affecting Entrepreneurship in I.T Sector of Pakistan, Department

of Economics and Finance, Pakistan Institute of Development (PIDE), Islamabad, Pakistan.

C Saima Younas (2015), Determinants of Lending Interest Rate in MFIs and Its Impact on Performance and Financial Inclusion. Pakistan Institute of Development (PIDE), Islamabad, Pakistan.

C Muhammad Nasif (2015), Comparing Leverage Policy of Multinational and Domestic Firms:

Evidence from Pakistan, Department of Business Administration, Air University, Islamabad, Pakistan.

C Muhammad Ali Idrees (2015), Effect if globalization on economic growth (case study of selected

SAARC countries Department of Economics, The Islamia University of Bahawalpur, Pakistan.

C Muhammad Sharif (2015), Stock Market Development and Macroeconomic Indicators in Pakistan: A Time Series Analysis, Department of Economics, The Islamia University of Bahawalpur, Pakistan.

C Mehvish Iqbal (2015), Impact of climate changes on agriculture production in Pakistan, Department

of Economics, The Islamia University of Bahawalpur, Pakistan.

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C Sara Ahmed (2015), Determinants of socioeconomic exploitation of working women in private formal sector: A case study of Bahawalpur city, Department of Economics, The Islamia University of Bahawalpur, Pakistan.

C Waseem Ahmed (2015), Integration between Stock Markets of Pakistan and Emerging Countries,

Bahria University, Islamabad, Pakistan.

C Anam Kamal (2015), Impact of Hybrid Leadership on Organizational Commitment: Moderating Role of Organizational Culture in Banking Sector of Pakistan, Bahria University, Islamabad, Pakistan.

C Muhammad Jan Khan (2015), Impact of Organizational Commitment and Intrinsic Motivation on

Managerial Effectiveness in Mobilink GSM Pakistan, Bahria University, Islamabad, Pakistan.

C Rukhsana Bibi (2015), Impact of Capital Structure on Performance of MFIs in Asia, Pakistan Institute of Development Economics (PIDE), Islamabad, Pakistan.

C Nazish Iftikhar (2015), Liquidity Management and Profitability of Manufacturing Firms in Pakistan,


C Anum Saleem (2015), Impact of Electronic Work of Mouth on Purchase Intention of Fashion Products in Social Networking Websites, Fatima Jinnah Women University, The Mall, Rawalpindi.

C Syed Muhammad All-e-Raza (2015), Energy Crisis and Profitability of Manufacturing Sector of

Pakistan, Pakistan Institute of Development Economics (PIDE), Islamabad, Pakistan.

C Interaction Effects of Job Engagement on Corruption and Deviant Workplace Behavior: Modiating Role Moral Disengagement, The University of Lahore, Islamabad Campus, Islamabad, Pakistan.

C Mr. Muhammad Anjum Fareed (2015), Impact of Corporate Ownership Structure and Board

Characteristics and Dividend Policy in Emerging Economy of Pakistan, Pakistan Institute of Development Economics (PIDE), Islamabad, Pakistan.

C Sadaf Farooq (2015), Early Age Marriage Triad; Causes, Correlates and Consequences, Department

of Development Studies, Pakistan Institute of Development Economics (PIDE), Islamabad, Pakistan.

C Azooba Hamid (2015), Exchange Rate Volatility and Capital Inflows in Developing Countries: Role of Financial Development, Department of Economics, Fatima Jinnah Women University, Rawalpindi, Pakistan.

C Abirah Habib (2015), Corporate Governance Mechanism and its Effect on Firm Performance: An

Empirical Analysis of Textile Sector in Pakistan, Army Public College of Management Sciences (APCOMS), Rawalpindi, University of Engineering and Technology, Taxila, Pakistan.

C Muhammad Haleef (2015), Impact of Working Capital Management on Firms Performance (A case

of KSE 100 Index Firms), Army Public College of Management Sciences (APCOMS), Rawalpindi, University of Engineering and Technology, Taxila, Pakistan.

C Shaista Siqqid (2015), Impact of Behavioral Bias on Portfolio Investment Decision Making:

Evidence from Pakistan, Army Public College of Management Sciences (APCOMS), Rawalpindi, University of Engineering and Technology, Taxila, Pakistan.

C Mir Hazar (2015), Use of Financial Derivatives and Value of the Firms: Evidence From Pakistan,


C Sara Javed (2016), Impact of Banking Shocks on the High and Low Levered Firms, Army Public College of Management Sciences (APCOMS), Rawalpindi, University of Engineering and Technology, Taxila, Pakistan.

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Internal Examiner:

C Syed Ghulam Mustafa (2013), Modified Fama and French Model in KSE: An Application of Financial Sector of Pakistan, International Institute of Islamic Economics (IIIE), International Islamic University (IIU), Islamabad, Pakistan.

C Qasim Akhter (2014), The Threshold Effects of Financial Development on International Trade, International Institute of Islamic Economics (IIIE), International Islamic University (IIU), Islamabad, Pakistan.

C Muhammad Amin (2014), International Stock Markets Integration: A Case Study of Selected OIC Countries, International Institute of Islamic Economics (IIIE), International Islamic University (IIU), Islamabad, Pakistan.

C Tauqir Ahmed (2014), Impact of Regulatory Reforms on Prices in Electricity Supply Industry: A Panel Data Analysis for Selected Asian Countries, International Institute of Islamic Economics (IIIE), International Islamic University (IIU), Islamabad, Pakistan.

C Andeel Islmail (2014), Price Volatility in Food and Agriculture Commodities: A Case Study of

Pakistan, International Institute of Islamic Economics (IIIE), International Islamic University (IIU), Islamabad, Pakistan.

C Adeela Abbasi (2014), Corporate Social Responsibility: A Comparative Exploration into

Conventional and Islamic Banks of Pakistan, International Institute of Islamic Economics (IIIE), International Islamic University (IIU), Islamabad, Pakistan.

C Anwar Mughes (2015), Bank Competition and Financial Stability: A Case Study of Banking Sector

in Pakistan, International Institute of Islamic Economics (IIIE), International Islamic University (IIU), Islamabad, Pakistan.

C Ayyaz Ahmad (2015), The Financial Liberalization and Aggregate Stock Return Volatility in

Karachi Stock Exchange, International Institute of Islamic Economics (IIIE), International Islamic University (IIU), Islamabad, Pakistan.

C Saira Rasul (2015), Inflation-Output Nexus: Empirical Evidence from Developing Countries,


C Muhammad Idrees (2015), Foreign Aid, Human Capital and Economic Growth: The Case of South

Asian Countries, International Institute of Islamic Economics (IIIE), International Islamic University (IIU), Islamabad, Pakistan.

RESEARCH PROJECTS (During MAS in Economics)

@ A Financial Analysis of the Auto & Allied Industries in Pakistan

@ Why Declining Foreign Investment in Pakistan?

@ Determinants of Foreign Direct Investment

@ The Roll of Foreign Capital in Domestic Productivity: A Case Study of Pakistan and Malaysia

@ The Roll of Small Scale Industries in Development of Pakistan

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COMPUTER SKILLS Proficient in MS Office, Latex, Internet, and Econometrics packages such as E-Views, RATS, Microfit, SPSS, Stata, and MATLAB

dr. abdul rashid - iiu.edu.pk · 1 dr. abdul rashid associate professor (hec approved supervisor)...

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